SBA loans in Utah, FY2016

That fiscal year's approvals by lender and by county.

SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.

In FY2016 (1 October 2015 to 30 September 2016) SBA approved 1,315 loans in Utah: 1,109 under 7(a) and 206 under 504, worth $585M.

That is about level with FY2015, when there were 1,370 approvals worth $538M.

Utah accounted for 1.9% of the 70,012 approvals nationwide that year. 63 lenders had at least one approval in the state; Zions Bank, A Division of had the most, 227.

1,315approvalsFY2015: 1,370

$585Mdollars approvedFY2015: $538M

$144Kmedian 7(a) approvalFY2015: $125K

63lenders with an approval

14,384jobs supported, as reported

Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.

Approvals by lender

The 40 lenders with the most approvals to Utah businesses in FY2016, of 63 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2015	Change
1	Zions Bank, A Division of	7(a)	227	$54.9M	17.3%	345	-118
2	Wells Fargo Bank National Association	7(a)	172	$52.7M	13.1%	131	+41
3	Mountain West Small Business Finance	504	158	$111M	12.0%	140	+18
4	Glacier Bank	7(a)	78	$32.0M	5.9%	76	+2
5	Mountain America FCU	7(a)	78	$16.1M	5.9%	63	+15
6	U.S. Bank, National Association	7(a)	77	$29.9M	5.9%	101	-24
7	JPMorgan Chase Bank, National Association	7(a)	57	$19.7M	4.3%	57	0
8	Community Banks of Colorado, A Division of NBH Bank	7(a)	47	$39.2M	3.6%	35	+12
9	Intermountain Business Lending, Inc.	504	46	$24.9M	3.5%	47	-1
10	Celtic Bank Corporation	7(a)	35	$12.9M	2.7%	40	-5
11	State Bank of Southern Utah	7(a)	35	$3.6M	2.7%	53	-18
12	First Utah Bank	7(a)	31	$28.4M	2.4%	19	+12
13	KeyBank National Association	7(a)	29	$12.9M	2.2%	18	+11
14	Central Bank	7(a)	25	$2.3M	1.9%	48	-23
15	Bank of Utah	7(a)	22	$20.4M	1.7%	16	+6
16	Canyon View Federal Credit Union	7(a)	22	$4.8M	1.7%	22	0
17	Live Oak Banking Company	7(a)	21	$40.4M	1.6%	7	+14
18	America First Federal Credit Union	7(a)	20	$9.2M	1.5%	15	+5
19	Cache Valley Bank	7(a)	19	$4.1M	1.4%	28	-9
20	BMO Bank National Association	7(a)	14	$12.4M	1.1%	17	-3
21	Stearns Bank National Association	7(a)	11	$2.6M	0.8%	6	+5
22	BayFirst National Bank	7(a)	9	$1.7M	0.7%	1	+8
23	Mountain West Small Business Finance	7(a)	8	$1.1M	0.6%	11	-3
24	Jordan Federal Credit Union	7(a)	7	$378K	0.5%	11	-4
25	Brighton Bank	7(a)	5	$3.9M	0.4%	4	+1
26	FinWise Bank	7(a)	5	$645K	0.4%	0	new
27	Wasatch Peaks FCU	7(a)	5	$290K	0.4%	6	-1
28	Simmons Bank	7(a)	4	$882K	0.3%	0	new
29	Security Service FCU	7(a)	3	$2.6M	0.2%	1	+2
30	Bank Five Nine	7(a)	3	$1.4M	0.2%	0	new
31	Cyprus Federal Credit Union	7(a)	3	$248K	0.2%	8	-5
32	Capital Community Bank	7(a)	2	—	0.2%	2	0
33	Third Coast Bank	7(a)	2	—	0.2%	0	new
34	Wilmington Savings Fund Society FSB	7(a)	2	—	0.2%	0	new
35	Independence Bank	7(a)	2	—	0.2%	0	new
36	Beacon Bank and Trust	7(a)	2	—	0.2%	0	new
37	Newtek Small Business Finance, Inc.	7(a)	2	—	0.2%	1	+1
38	Goldenwest Federal Credit Union	7(a)	2	—	0.2%	5	-3
39	Banc of California	7(a)	1	—	0.1%	0	new
40	Pathward National Association	7(a)	1	—	0.1%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2015	Change
1	Salt Lake County	462	$229M	35.1%	523	-61
2	Utah County	264	$117M	20.1%	271	-7
3	Davis County	138	$52.3M	10.5%	101	+37
4	Weber County	82	$33.1M	6.2%	88	-6
5	Cache County	76	$41.0M	5.8%	59	+17
6	Washington County	75	$25.6M	5.7%	86	-11
7	Summit County	37	$8.8M	2.8%	24	+13
8	Iron County	31	$7.4M	2.4%	37	-6
9	Box Elder County	27	$9.1M	2.1%	15	+12
10	Wasatch County	22	$8.7M	1.7%	18	+4
11	Uintah County	19	$6.1M	1.4%	38	-19
12	Tooele County	15	$5.6M	1.1%	18	-3
13	Sanpete County	15	$6.7M	1.1%	14	+1
14	Grand County	8	$3.2M	0.6%	13	-5
15	Piute County	7	$16.6M	0.5%	2	+5
16	Sevier County	6	$3.3M	0.5%	13	-7
17	Morgan County	5	$1.0M	0.4%	4	+1
18	Garfield County	5	$945K	0.4%	5	0
19	Juab County	3	$352K	0.2%	4	-1
20	Kane County	3	$3.9M	0.2%	9	-6
21	Millard County	3	$758K	0.2%	2	+1
22	Beaver County	2	—	0.2%	2	0
23	Rich County	2	—	0.2%	5	-3
24	Duchesne County	2	—	0.2%	9	-7
25	Carbon County	2	—	0.2%	2	0
26	Wayne County	2	—	0.2%	1	+1
27	San Juan County	2	—	0.2%	0	new

FY2016 against FY2015

Utah	FY2016	FY2015
7(a) approvals	1,109	1,183
7(a) dollars	$446M	$409M
Median 7(a) approval	$144K	$125K
504 approvals	206	187
504 dollars	$139M	$130M
Jobs supported, as reported	14,384	18,328

Questions and answers

Which lenders made the most SBA loans in Utah in FY2016?

Zions Bank, A Division of (227), Wells Fargo Bank National Association (172), Mountain West Small Business Finance (158), Glacier Bank (78), Mountain America FCU (78). 63 lenders had at least one approval.

How many SBA loans were approved in Utah in FY2016?

1,315: 1,109 under 7(a) worth $446M and 206 under 504 worth $139M.

Which Utah counties had the most SBA approvals in FY2016?

Salt Lake County (462), Utah County (264), Davis County (138), Weber County (82), Cache County (76).

When does FY2016 start and end?

The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.

About these figures

Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error